Deposits in Armenian commercial banks shrink 1.1% to AMD 747 billion

YEREVAN, June 28. /ARKA/. The total amount of deposits attracted by Armenian commercial banks shrank 1.1% in April, compared with March, to AMD 747 billion.

According to the information available on the central bank’s official website, deposits grew 12.8% or by AMD 84.9 billion in April 2011, compared with the same month a year earlier.

Deposits in Armenian drams contracted by 3.3% in April, compared with March, to AMD 209.5 billion and those in foreign currencies reduced by 0.3% to AMD 414.4 billion.

Armenia has 21 commercial banks. ($1 = AMD 372.96). –0–

spot_img

POPULAR

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

Central Bank raised the rate: what could happen to loans and deposits – and why not right away

The Central Bank of Armenia's increase in the monetary policy rate to 6.75% does not automatically and immediately lead to higher rates on bank loans and deposits.

“IKO Machinery” LLC’s bonds, totaling AMD 1.1 billion listed on AMX

The Armenia Securities Exchange (AMX) today welcomed the entry into the capital market of "IKO Machinery" LLC, a company operating in both Armenia and international markets.

“The Power of One Dram” – General Partner of the “Climate Change and Women” Awards

The August beneficiary of "The Power of One Dram" initiative was "Orran" Charitable Non-Governmental Organization.

Armenia and ADB Discuss New Projects and Areas of Cooperation

Armenian Deputy Prime Minister Tigran Khachatryan and Lyaziza Sabyrova, Country Director for Armenia at the Asian Development Bank (ADB), discussed new areas of cooperation and infrastructure projects.

LATEST NEWS

spot_imgspot_imgspot_img